Korean Air received Japan's approval for merger with Asiana Airlines (updated)

ASIANA AIRLINES

31/01/2024 06:17

(Adds details)
       SEOUL, Jan 31 (Reuters) - South Korean flag carrier
Korean Air Lines  003490.KS  has received approval for its
proposed merger with Asiana Airlines  020560.KS  from Japan's
Fair Trade Commission, Korean Air said in a statement. 
    With this, the deal only needs approval from authorities in
the United States and European Union, it said. 
    In November, Asiana Airlines' board approved the sale of the
company's cargo business, in an key step towards allaying EU
competition concerns about the Korean Air takeover agreed to in
2020. 
        
  

 (Reporting by Joyce Lee; Editing by Tom Hogue)
 ((joyce.lee@tr.com;))